Seddiqi co-founder Abdulmagied Ahmed Seddiqi passes away
Abdulmagied Ahmed Seddiqi, a prominent figure in the UAE luxury watch sector and co-owner of Seddiqi Holding, has passed away, as confirmed by a family statement. His death represents a significant loss for the region's high-end retail market, where he played a crucial role in transforming Ahmed Seddiqi from a small watch trading business into a major player representing over 100 luxury brands, including Rolex and Patek Philippe. His contributions were instrumental in establishing Dubai as a global hub for luxury timepieces. Under Abdulmagied's leadership, Seddiqi Holding expanded its portfolio, which includes Swiss Watch Services and Seddiqi Properties. The family's influence continues with third-generation members, such as Osama Ibrahim Seddiqi and Hind Abdul Hamied Seddiqi, who are actively involved in the business and events like Dubai Watch Week. The announcement of his passing was shared by his brother on social media, highlighting his lasting impact on the luxury retail landscape in the UAE.
